There’s been a noticeable slowdown in rental growth, although it’s not yet clear whether this is an out-of-the-ordinary result or sign of a trend. Across Australia, the median rent in the December 2023 quarter experienced 11.5% year-on-year growth but only 1.8% quarter-on-quarter growth, according to PropTrack. PropTrack Senior Economist Angus Moore said the rental market … Read more
One of Australia’s leading property economists, Ray White Group Chief Economist Nerida Conisbee, has given 10 insights about what to expect from the property market this year. Price growth will continue. Market forces will lead to further price growth in 2024, according to Ms Conisbee. “At this point, housing supply remains extremely low and many people … Read more
Investing in property can increase your wealth by generating a rental yield and capital growth. But you’ll also have some expenses and costs that you’ll need to take into account when determining whether your investment will be viable or unprofitable. Your property investment costs include one-off and ongoing costs, so let’s take a look at … Read more
Natural disasters can be devastating for small businesses, yet only one in four have a current business continuity plan, according to a new report tabled in parliament. The report, which was prepared by the Small Business Natural Disaster Preparedness and Resilience Inquiry, found that businesses with a plan are better able to bounce back after … Read more
When you’re paying off a mortgage, budgets matter. Knowing how much money is coming in and going out will not only help you manage your monthly repayments, it will also ease stress and give you confidence in your financial situation. So what makes a good budget? Here are three tips to organise your finances. Track … Read more
Australia’s unemployment rate has been remarkably steady – and low – for more than a year, but it might start trending upwards in the coming months. Unemployment rose from 3.6% in September to 3.7% in October, according to the Australian Bureau of Statistics (ABS). That marked the 16th consecutive month in which it had hovered … Read more
The average interest rate charged on home loans has, surprisingly, increased by less than the series of cash rate hikes during 2022 and 2023. Between May 2022 and September 2023, the cash rate increased by 4.00 percentage points, whereas interest rates on outstanding mortgages increased by an average of only 2.90 percentage points, according to … Read more
Australians continue to buy new vehicles in record numbers, according to the latest data from the Federal Chamber of Automotive Industries (FCAI). A total of 106,809 new vehicles were sold in October, marking the fifth time in six months that a record for that particular month was set. Every state and territory recorded higher sales … Read more
If you’re now looking to buy, or even refinance your existing loan, there are a few ways to increase the chances of your loan application being approved. Keep in mind the things that lenders consider before approving your application. These include your credit report, existing debts, income, assets and spending. This helps them form an … Read more
Businesses that fall behind on their tax and superannuation obligations could be reported to credit bureaus, the Australian Taxation Office (ATO) has warned, potentially making it harder and dearer for them to secure loans. After the ATO went easy on enforcement during the pandemic, it said it had returned to “business-as-usual debt collection”. As a … Read more
